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Medicare Insurance Policies
Author David Schneider | Dec 09,2007
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The Medicare program is more complex than many people realize. Medicare coverage comes in several plans, parts and programs. Some are provided free of charge to those who qualify, while others are sold by private insurance agencies. Before you select one or more Medicare programs to join, it is important that you understand what your options are.
Medicare Part A and Part B
Most people are familiar with Medicare Part A and Part B. The Federal government offers these programs as a benefit. You generally only need to meet age and citizenship requirements to qualify for these programs. Part A of this program covers your hospital expenses and Part B covers other medical expenses. While offered as a benefit, these programs do not offer 100 percent coverage. There are several gaps that you will need to cover with your own money, with a private insurance policy or with a Medigap insurance plan.
Medicare Part C and Part D
Medicare Part C, also referred to as Medicare Advantage Plus, is offered by private insurance agents. This health insurance program offers basically the same coverage as Medicare Part A and B, but it also tends to offer additional benefits that the traditional Medicare programs do not. If you buy this insurance, you will not need a Medigap policy.
Medicare Part D is the Medicare Prescription Drug Coverage Plan. It helps people pay for their prescription medications. If you are having a difficult time paying for your prescriptions, then this may be a good option for you.
The Medicare program is more complex than many people realize. Medicare coverage comes in several plans, parts and programs. Some are provided free of charge to those who qualify, while others are sold by private insurance agencies. Before you select one or more Medicare programs to join, it is important that you understand what your options are.
Medicare Part A and Part B
Most people are familiar with Medicare Part A and Part B. The Federal government offers these programs as a benefit. You generally only need to meet age and citizenship requirements to qualify for these programs. Part A of this program covers your hospital expenses and Part B covers other medical expenses. While offered as a benefit, these programs do not offer 100 percent coverage. There are several gaps that you will need to cover with your own money, with a private insurance policy or with a Medigap insurance plan.
Medicare Part C and Part D
Medicare Part C, also referred to as Medicare Advantage Plus, is offered by private insurance agents. This health insurance program offers basically the same coverage as Medicare Part A and B, but it also tends to offer additional benefits that the traditional Medicare programs do not. If you buy this insurance, you will not need a Medigap policy.
Medicare Part D is the Medicare Prescription Drug Coverage Plan. It helps people pay for their prescription medications. If you are having a difficult time paying for your prescriptions, then this may be a good option for you. |
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